Which of the Following Is Considered a Microeconomic Issue

question 22

Multiple Choice

Which of the following is considered a microeconomic issue?

• A) Chinese economic growth has declined.
• B) The Federal Reserve cuts key interest rates in order to stimulate lending.
• C) Walmart decides to add more self-checkout machines as the cost of labor rises.
• D) India experiences a reduction in unemployment after opening its borders to trade.

---

Definitions:

Public Policies

Governmental laws and programs designed to promote the welfare of children and families.

Child Development

The physical, cognitive, emotional, and social growth that occurs from infancy through adolescence.

Correlated

A statistical relationship between two variables where a change in one is associated with a change in the other.

Causally Related

Refers to events or variables that have a cause-and-effect relationship with one another.